P/E ratio for Relaxo Footwear (RELAXO.NS)
P/E ratio as of April 2024 (TTM): 104
According to Relaxo Footwear's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 104.485. At the end of 2022 the company had a P/E ratio of 147.
P/E ratio history for Relaxo Footwear from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 147 | 22.46% |
| 2021 | 120 | 44.12% |
| 2020 | 83.3 | -23.09% |
| 2019 | 108 | 113.13% |
| 2018 | 50.8 | -14.25% |
| 2017 | 59.3 | 48.73% |
| 2016 | 39.8 | -15.08% |
| 2015 | 46.9 | 14.29% |
| 2014 | 41.1 | 71.4% |
| 2013 | 24.0 | 24.41% |
| 2012 | 19.3 | 77.85% |
| 2011 | 10.8 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.